Finance: Latest Financial Topics from The New York Times

Here is the latest Finance News from The New York Times.

Daniel P. Tully Dies at 84; Led Merrill Lynch in Its Halcyon ’90s
Mr. Tully, who stepped down in 1997, was a staunch believer in “Mother Merrill,” an ideal of devotion to the greater good of the firm.

Pfizer Blocks the Use of Its Drugs in Executions
The pharmaceutical giant’s move to clamp down on the distribution of its products closes off the last remaining open-market source of execution drugs.

Billionaire Investor Nelson Peltz Sells Stake in PepsiCo
Mr. Peltz of Trian Fund walks away with a 50 percent return, while Pepsi’s chief keeps the company together.

New York Lenders Subpoenaed Over Seller-Financed Mortgage Alternatives
Regulators subpoenaed four firms involved in seller-financed deals for marketing inexpensive homes to lower-income people who can’t get a mortgage.

Details Emerge on Global Bank Heists by Hackers
The latest target appears to have been in Vietnam, and the intruders used tools similar to those used in a Sony Pictures hacking in 2014.

RushCard to Settle Prepaid Card Suit for $19 Million
The money would reimburse thousands of customers who could not use the money in their card accounts last fall because of a technical problem.

Street Scene: In Memoir, Erin Callan Steps Back From Lehman Legacy
In the book, she describes the ruthless ambition that affected the people close to her and tries to make amends for her years of boorish behavior.

Breakingviews: Computer Security for Banks Demands a United Effort
Digital security is projected to be banks’ biggest cost for financial crime prevention this year and next, which argues for cooperation.

Removal of Top Editors Signals Trouble for Independent Russian Paper
Fellow journalists see the abrupt turnover at RBC as the latest ambush in an extended Kremlin campaign to exert control over all reporting.

T.S.A. Offers New Measures Intended to Cut Airport Gridlock This Summer
The government authorized more overtime for screeners, faster hiring and more bomb-sniffing dogs in preparation for a busy summer travel season.

Biofuels Plant in Hawaii Is First to Be Certified as Sustainable
An audit has resolved doubts in the industry, at least for one plant, about the products’ ultimate ability to reduce carbon emissions.

Bargain-Hunting Frenzy Threatens Traditional Department Stores
As Macy’s, Nordstrom and other large department stores have reported declining sales numbers, they have continued to push discounts in order to compete with off-price chains and online retailers.

Bits: Facebook and the Problem With News Online
It’s not easy for a computer, or a human, to decide what is an unbiased take on the world.

Growth in Germany Accelerates on Higher Consumption
The country’s economy expanded by 0.7 percent in the first quarter, cementing its position as the eurozone’s economic engine.

Hawaii Sues Takata, Alleging Cover-Up of Airbag Defect
Hawaii residents are at particular risk of injury from the defective bags because of the state’s high temperatures and humidity levels, the suit says.

Your Money Adviser: F.C.C. Aims to Stop Rise in Robocalls to Those With Student Loans
The agency is proposing rules to limit the number of texts and robocalls that can be made to cellphones.

Confined to Nursing Homes, but Longing (and Ready) for Home
Some states are falling short in increasing the share of Medicaid dollars spent on providing support that would allow disabled people to live at home.

Economic View: What Was the Greatest Era for American Innovation? A Brief Guided Tour
Which was a more important innovation: indoor plumbing, jet air travel or mobile phones?

What in the World: Japan Has a Kit Kat for Every Taste, and Then Some
There are nearly 300 varieties of Kit Kat in Japan, where the candy is so popular that it is sold at high-end department stores, Kit Kat-only shops and even post offices.

Retiring: Disproving Beliefs About the Economy and Aging
Research shows that older adults work beyond retirement age, are productive and are not blocking younger workers from the job market.

Wealth Matters: Making Big Donations to Change the World
Some philanthropists are gambling that the larger the charitable contributions, the stronger the social impact on society.

Fair Game: Lending Club, a Story Stock That Skimped on the Details
Lack of information undermined investors’ confidence in Lending Club’s prospects as doubts about the peer-to-peer lending industry emerged, causing shares to plummet.

U.S. Retail Sales Rise Strongly, Boost Economic Outlook
U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter.

Honda Expands Takata Airbag Recall
The worldwide increase of 21 million more vehicles was announced as the automaker reported a rare quarterly loss on Friday.

Wall St. Sinks as Retail Woes Mount
Shares of Nordstrom, Dillard’s and J.C. Penney were down after the companies reported disappointing results.

Corner Office: Carter Murray: Giving Talented People Room to Bloom
Mr. Murray, chief executive of the ad agency FCB, says companies that hire high-quality employees need to have stronger checks and balances in their cultures.

The Workologist: Turning a Coffee Shop Come-On Into a Platonic Career Contact
A Google search reveals that a man who hit on a stranger is a respected figure in their shared field. Can he still be a possible networking opportunity?

Alan Rusbridger, Ex-Guardian Editor, Won’t Become Chairman of Its Owner
Mr. Rusbridger had been due to take over in the fall as head of the Scott Trust, the nonprofit body that owns the left-leaning news group.

Apple Raises Bet on China as It Faces Scrutiny From Beijing
A $1 billion investment in the Didi Chuxing ride-hailing app enlarges the American giant’s Asian footprint.

Your Money: In College Essays About Money, Echoes of Parents’ Attitudes
Among the best essays college applicants sent us this year are ones featuring an artist father, an affluent suburb and a frugal Dominican family.

Contributing Op-Ed Writer: The Miserable French Workplace
Why is it so hard to change the labor laws?

CUNY Union Votes to Allow Strike if Contract Deal Is Not Reached
Frustrated by a lack of progress over a new contract, about 92 percent of union members said yes to a possible walkout as early as the fall.

Brooklyn Judge Will Not Force Facebook’s Silence on Subpoenas
Prosecutors wanted to keep Facebook from telling users about 15 subpoenas of their data. But a judge refused, saying the need for them was not specific enough.

Shell Says Thousands of Gallons of Oil Have Leaked Into Gulf of Mexico
The Coast Guard said the leak had been secured, and officials were investigating the cause.

Donald Trump Won’t Alter Tax Plan, Spokeswoman Says as Confusion Reigns
The comments were meant to clarify the matter after advisers and the candidate himself hinted that the plan might change to reduce its cost and make it less generous to the rich.

Apple Puts $1 Billion in Didi, a Rival to Uber in China
The investment gives the tech giant a big stake in the top ride-hailing service in China, where the iPhone maker has otherwise struggled.

Driven: Video Review: A Sinewy Camaro, Still With Muscle Car Swagger
The car shares a platform with the terrific Cadillac ATS, so it’s fun to throw into corners, and the new interior has some clever touches.

Nordstrom’s Sales Slide, and It Cuts Its Outlook for the Year
The department store chain said it resorted to heavy discounts to clear out unsold inventory.

Personal Data of Prominent Chinese Posted on Twitter
The social media network suspended an account on Thursday after private information about government officials and billionaires was published.

Charter Communications-Time Warner Cable Deal Clears Final Hurdle
The California Public Utilities Commission has approved Charter’s proposals to buy Time Warner Cable and Bright House Networks.

Subaru Recalls More Than 48,000 Vehicles for Steering Problems
The automaker warned owners not to drive the certain models until they were inspected or repaired.

Donald Trump’s Chief Fund-Raiser Heads Straight for Las Vegas
Steven Mnuchin, a hedge fund veteran himself, starts calling on big-money donors at a hedge fund conference gilded with Trump supporters.

New Attack Reported by Swift Global Bank Network
Investigators are still trying to solve the $81 million cyberheist from the central bank of Bangladesh in February.

Review: In ‘Money Monster,’ a Broke Investor Holds a Grudge and a Gun
George Clooney plays a financial news talk-show host, and Julia Roberts is his producer in this self-assured hostage drama.